Why do countries trade?

International trade is the exchange of goods, capital and services across international borders. In most countries, such trade represents a significant share of GDP.
Why do countries trade?:

The role of the World Trade Organisation:


The impact of globalisation on jobs: The globalisation of work and people

HL only: The theory of comparative and absolute advantage:

• Class notes:
  

  1c. HL Theory of Absolute and Com. Adv 2015.doc
  

  • Details
  • Download
  • 66 KB
• Further exercises:
  

  Comp and Abs Advantage exercises.pdf
  

  • Details
  • Download
  • 71 KB